Latest Realty News

Govt mulls easing FDI rules for construction development
Oct 08, 2013
DELHI: In a bid to bring foreign money to the cash-strapped realty sector, the department of industrial policy and promotion (DIPP) has moved a Cabinet note seeking relaxation of riders on foreign direct investment (FDI) in the construction development sector. The move comes after FDI in real estate dropped 57 per cent year-on-year in 2012-13 .
Haryana to build 1.25 lakh economy flats in Gurgaon, other prime areas
Oct 07, 2013
CHANDIGARH: Ushering in a policy of affordable housing in Gurgaon and other prime areas of the state, the Haryana government plans to build 1.25 lakh flats under the first phase. The size and price of these flats will be decided by the government and allotment will be done through draw of lots.
UP ranks highest in new investments in real estate sector
Oct 01, 2013
LUCKNOW: UP has been ranked top with maximum share of about 40 per cent in the new investments attracted by real estate sector among top 20 states across the country during the first quarter of current fiscal, industry body ASSOCHAM said today.
Satya Group & Maple Group jointly launches ‘Element One’
Sep 24, 2013
DELHI: Satya Group and Maple Group have launched fully furnished serviced apartments, “Element One“ at most favorable destination, Sector 47 and 49, Gurgaon recently. These contemporary designed high end serviced apartments are amongst the latest in the commercial projects trend and development, which can serve as private suites or can be utilized for office purposes. These apartments are reasonably priced and serve the best return in respect to ‘value for money’. It brings retail shops at groun
‘Some downside on real estate sector’
Sep 21, 2013
HYDERABAD: The increase in repo rate is going to have some downside on the real estate sector in a stressed environment that is already plagued by slowdown in sales, increasing input costs, liquidity issues and high costs of capital, Sanjay Dutt, Executive Managing Director, South Asia, Cushman & Wakefield, said.
New RBI chief Raghuram Rajan springs a surprise; home, auto loans set to cost more
Sep 21, 2013
MUMBAI: All eyes were on the new Reserve Bank of India governor Raghuram Rajan and his first monetary policy review two days after his US counterpart, Federal Reserve chairman Ben Bernanke, on Wednesday sprung a very pleasant surprise on global markets by not rolling back the Fed's stimulus package. An overwhelming majority of economists and market analysts forecast Rajan wouldn't touch interest rates; a hopeful minority ventured he would cut rates to boost consumer demand and economic growth.
Industry dept working on relaxing FDI norms for construction
Sep 18, 2013
DELHI: The Government has started work on easing foreign direct investment (FDI) norms in construction development to attract more foreign capital in the cash-strapped sector.
Rising defaults by short-term realty investors add to developers’ woes
Sep 18, 2013
DELHI: Short-term real estate investors, a source of quick funds for housing projects, are increasingly defaulting on payment to developers, as economic slowdown and rising cost of living keeps regular homebuyers on the fringes, narrowing exit routes for speculators.
Houses unsold, realty growth on hold
Sep 14, 2013
BHUBANESWAR: Realtors in the city have decided to put new projects on hold with stocks of unsold houses piling up all the time.
Bavdhan, Kalyani Nagar, Undri top gainers in capital values
Sep 10, 2013
PUNE: Amidst the economic slowdown, the real estate market of Pune showed considerable resilience in the April-June 2013 quarter. Capital values of residential properties at locations such as Bavdhan, Kalyani Nagar and Undri, registered an increase of 4-8 per cent in the April-June 2013 quarter, over the preceding quarter, Overall, the Listed Price Monitor, which reflects the change in capital values in the city, rose by two per cent during the quarter. According to the study, 77 per cent locali
Hyderabad's realty sector set for recovery
Sep 06, 2013
HYDERABAD: The spiraling rate of the dollar coupled with modest pricing is likely to attract NRI investment to the city's real estate sector in the near future, said representatives from the industry on Thursday.
Cushman strikes unique takeover deal to bypass hurdles
Sep 05, 2013
KOLKATA: Global real estate advisor Cushman & Wakefield today claimed it carried out a unique acquisition model, for the first time in India, for another city-based real estate advisor company Lemongrass Advisors.
Realtors get notice for flouting groundwater ban
Sep 04, 2013
NOIDA: Officials of Noida Authority on Monday held a meeting with realtors to decide the course of action in the cases filed in the National Green Tribunal (NGT) regarding construction around Okhla Bird Sanctuary and extraction of groundwater at various sites.
Paras Buildtech launches a new mixed-use project ‘Paras Square’
Sep 03, 2013
DELHI: After the successful execution of various magnificent projects in residential, retail and commercial segments, Paras Buildtech has now launched its landmark project ‘Paras Square’ today. This project is a mix of Studio Apartments, Retail and Commercial, located at Sector 63A, adjacent to Golf Course Extension Road in Gurgaon.
Slowing realty industry sees top-level exits
Aug 29, 2013
BANGALORE: Indian real estate sector is seeing top-level exit even as industry grapples with slow sales. In a recent exit, Juggy Marwaha has quit Mantri Developers to join property consultancy firm Jones Lang LaSalle (JLL) India as managing director, south India operations.
Mahagun launches ‘Mirabella’ at sector 79 Noida
Aug 28, 2013
NOIDA: “The secret of success is consistency of purpose”, an apt vision on which Mahagun India Private Limited focuses upon. With a lineage of decades of excellence, Mahagun, a brand that has created an upward evolution in the realm of real – estate sector, with immense pride launches “Mahagun Mirabella”, a roman themed luxurious residential project at sector 79 Noida.
No proposal to hike foreign investment limit in banks: Govt
Aug 24, 2013
DELHI: There is no proposal to hike foreign investment ceiling in the banking sector, the government said today.
Real estate can employ 1.7 crore people by 2025 in India
Aug 14, 2013
DELHI: In a report, global realty consultancy firm CB Richard Ellis said that the potential for development and growth in the real estate sector is tremendous. The sector is expected to generate over 17 million jobs across the country by 2025, thereby making a significant contribution to the GDP.
Realty sector can double its share in GDP to 13% by 2025
Aug 12, 2013
DELHI: The realty sector can more than double its contribution to GDP to 13 per cent by 2025 on rising housing demand, if the government removes bottlenecks in infrastructure, lowers borrowing cost and makes process of approvals shorter, global property consultant CBRE said.
Realty sector can double its share in GDP to 13% by 2025: CBRE
Aug 10, 2013
DELHI: The realty sector can more than double its contribution to GDP to 13 per cent by 2025 on rising housing demand, if the government removes bottlenecks in infrastructure, lowers borrowing cost and makes process of approvals shorter, global property consultant CBRE said.
Devising ways to stay on firm ground
Aug 05, 2013
DELHI: A Delhi-based real estate developer’s son was to join his business this August. But owing to the sluggish demand and slowdown in the sector, the family patriarch decided to send him abroad for higher education.
Noida property circle rates hiked up to 25%
Aug 02, 2013
NOIDA: Buying land and property in Noida in Uttar Pradesh will be costlier as circle rates has been increased by 10 to 25 per cent from today.
Realty sector ‘disappointed’ on RBI’s status quo on rates
Aug 01, 2013
DELHI: Realtors’ apex body CREDAI on July 31 expressed disappointment over RBI’s decision to keep the key policy rates unchanged, saying that the industry was expecting relief from the apex bank to beat slowdown in property demand.
Bank of India to buy Standard Chartered's office space in Delhi's Connaught Place for Rs 125 crore
Jul 31, 2013
DELHI: Bank of India is buying 36,000 sq ft of office space in the upmarket Connaught Place of Delhi from Standard Chartered Bank for about Rs 125 crore, according to people close to the deal.
PE investment in realty drops 46% in first half
Jul 31, 2013
DELHI: Private equity investment in thereal estate sector fell by 46 per cent to $ 276 million in the first half of 2013 due to lack of good projects and weak sentiments, property consultant Cushman & Wakefield said.

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